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harry reid feels differently. and the president feels differently. >> the president is right to say this is an extreme measure and was used irresponsibly last year. it hurt the economy last year. megyn: just to clarify and tell the viewers what you are talking about. the republicans in exchange for raising the debt limit said we'll do it but there have to be spending cuts to offset the amount of debt. >> what i don't like about the debt ceiling process is we have a process to create budget and there are congress and committees. things are supposed to go through both houses and get voatds on. i think this is going outside the democratic process. the republican numbers went down much more than barack obama's did last year. i think they have to be careful about what they are doing here. >> i think the reason simon doesn't like it is because it gives the republicans leverage to force the president to deal with the debt. the president has as much chance of succeeding as you have of getting john bolton to cry on your sh
harry reid feels differently. and the president feels differently. >> the president is right to say this is an extreme measure and was used irresponsibly last year. it hurt the economy last year. megyn: just to clarify and tell the viewers what you are talking about. the republicans in exchange for raising the debt limit said we'll do it but there have to be spending cuts to offset the amount of debt. >> what i don't like about the debt ceiling process is we have a process to create...
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but majority leader harry reid said that is not. >> if the president's proposal is made in good faith our friends should be eager to vote for them. so i am surprised the majority leader declined a chance for them to support it for their votes. so i guess we are left to conclude that it couldn't pass by a fair majority of votes and that they would rather that i can take the country off the cliff. >> get ready to listen to lawmakers today try to spin the unemployment report in favor of their proposal one way or the other starting about 3 and a half hours from right now. >> we will be watching. looking forward to seeing those numbers. sthooivengs. >>> it is time for a look at who is talking. this morning we are hearing from john mccain. mccain discussing the growing crisis in syria. the reports frightening. the president bish charral assad preparing to release deadly gas on its people. >> hillary clinton releasing this statement yesterday events on the ground in syria are accelerating we see that in many different ways. the pressure against the regime in and around damascus seems to be i
but majority leader harry reid said that is not. >> if the president's proposal is made in good faith our friends should be eager to vote for them. so i am surprised the majority leader declined a chance for them to support it for their votes. so i guess we are left to conclude that it couldn't pass by a fair majority of votes and that they would rather that i can take the country off the cliff. >> get ready to listen to lawmakers today try to spin the unemployment report in favor...
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Dec 9, 2012
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>> so harry reid gives him a bone and says hold on. the idea was putting the democrats on record they want to give this bump. these people are out-of-control. >>gregg: i watched the president's interview this week, i believe it was on tuesday, he said he is happy to look at ways to strengthen social security. he would be open to the idea of doing something about medicaid and medicare. this is the biggest driver, right? >> the president is indicating trial balloon, that he is willing to take on entitlements in some way. the real question to the republicans, then, and it could be signaled by speaker boehner going to the white house, will they cave operates for the wealthy and go up to 37 percent or 38 percent and allow the president to put entitlements on the board. >> anything less than 39 speaker boehner will call a victory. the republicans lost the election so they have to give in on taxes. >>gregg: 250,000 is not rich. up it to half a million. >> we still have coming in february or man unless they do a big deal, we have a new debt ce
>> so harry reid gives him a bone and says hold on. the idea was putting the democrats on record they want to give this bump. these people are out-of-control. >>gregg: i watched the president's interview this week, i believe it was on tuesday, he said he is happy to look at ways to strengthen social security. he would be open to the idea of doing something about medicaid and medicare. this is the biggest driver, right? >> the president is indicating trial balloon, that he is...
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Dec 12, 2012
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senate majority leader harry reid said today it would be hard to get an agreement finished by the holiday, blaming the delay on republicans. not surprisingly, republicans say the president hasn't gotten serious about the talks. plenty of outside groups are offering up suggestions. and as darren gersh reports, they include warren buffett and some other big names in finance. >> reporter: there was some public movement in the fiscal cliff standoff today. instead of holding dueling press conferences, republicans and democrats traded barbs on the house floor. >> where are the president's spending cuts? the longer the white house slow- walks this process, the closer our economy gets to the fiscal cliff. >> reporter: behind the scenes, progress is being made, but democrats are still arguing they've given ground in previous budget battles. that's one reason they are holding firm on higher taxes now. >> $1.6 trillion in cuts. "where are the cuts?" they are in bills that you, mr. speaker, have voted for. >> reporter: and there were new calls for more tax revenue today. warren buffett, vanguard foun
senate majority leader harry reid said today it would be hard to get an agreement finished by the holiday, blaming the delay on republicans. not surprisingly, republicans say the president hasn't gotten serious about the talks. plenty of outside groups are offering up suggestions. and as darren gersh reports, they include warren buffett and some other big names in finance. >> reporter: there was some public movement in the fiscal cliff standoff today. instead of holding dueling press...
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>> greta: harry reid. the fix is in for the medical device community, i am going to say it. they want a special deal. they have gone to the democratic senators and now suddenly, they want a special deal out of it -- it's appalling. >> we don't add up all the taxes that are coming. the more -- that's why we repealed it and the whole health care bill -- >> greta: one of the taxes is the estate tax, that's the poor farmer who wants to give his farm or ranch to his heirs. >> you know that's a personal story with me. >> greta: oh, yeah. indeed, it is. >> what this is going to do, if we allow this to expire to go to a $1 million and 55% rate, 70% our farms in south dakota will be hit -- >> greta: but you problem is, you don't have a lobbyist. >> but they have me. we are going to keep working on it. >> greta: nice to see you. a very defiant north korea deploying a rocket launch with a brand-new video. that's straight ahead. and ambassador john bololololol i had enough of feeling embarrassed about my skin. [ designer ] enough of just covering up my moderate to severe plaque psoriasi
>> greta: harry reid. the fix is in for the medical device community, i am going to say it. they want a special deal. they have gone to the democratic senators and now suddenly, they want a special deal out of it -- it's appalling. >> we don't add up all the taxes that are coming. the more -- that's why we repealed it and the whole health care bill -- >> greta: one of the taxes is the estate tax, that's the poor farmer who wants to give his farm or ranch to his heirs. >>...
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i got more negative when harry reid said it is unlikely that a deal will be done by christmas. i'm thrilled to have senator john hovan, a republican from north dakota who has been an advocate here with us tonight. welcome back to "mad money." >> jim, good to be with you. >> i noticed that you are for a bipartisan situation and one of the things that tells me that you are for real is that you have not signed a pledge that would make it so that you cannot vote for a tax increase. it should be a big deal on the order of four trillion dollar over ten years. get growth in our economy and the kind of deal that inincludes tax reform and better spending control. >> when you were governor of your state you previded over what i think is the single greatest employment boom. is washington so different that you wish you were back home? >> you have been out to north dakota, but you are right. the fundamentals don't change. certainty we can put those things in place with a big deal. we need to get it done. >> one of the things i was noticing. this is something fellow senator conrad was talkin
i got more negative when harry reid said it is unlikely that a deal will be done by christmas. i'm thrilled to have senator john hovan, a republican from north dakota who has been an advocate here with us tonight. welcome back to "mad money." >> jim, good to be with you. >> i noticed that you are for a bipartisan situation and one of the things that tells me that you are for real is that you have not signed a pledge that would make it so that you cannot vote for a tax...
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i think what harry reid heard last night from the democrats is we are not going to do anything. this is reported in the national journal today. not going to do anything to make any change or sacrifice benefit for social security, medicare or medicaid. that would be a condition of speaker boehner, which is if we give you the revenue you have to help us on the spending side, on the entitlement issue. reid said i can't get democrats to support that. so now boehner is going up to say all right, where are we? maybe they'll get to something. if they push this on the next year, i think it's a good thing because, in some ways, because you a new congress and new members. maybe because they are going out to live under the decision that would be made this month, maybe it's okay to have them be able to weigh in on it. >> eric: hang on to the ambassador rice comment commenta minute. bob, you were fist-pumping while hearing henry say there is a meeting and they may kick part of it down the road. >> eric: what is happening here -- north dakota is getting to point you can't write legislation, n
i think what harry reid heard last night from the democrats is we are not going to do anything. this is reported in the national journal today. not going to do anything to make any change or sacrifice benefit for social security, medicare or medicaid. that would be a condition of speaker boehner, which is if we give you the revenue you have to help us on the spending side, on the entitlement issue. reid said i can't get democrats to support that. so now boehner is going up to say all right,...
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dennis: we have heard from house speaker john boehner and harry reid. ed henry tried to get a comment from president obama himself. this is new video just in. spin it how are you doing, sir four that how are you feeling about a deal? optimistic? >> still in progress. dennis: lori rothman and adam shapiro will have more on those talks at the top of the hour. cheryl: washington state talking bucking the national foreclosure rate. the office it was for southern california. home sales volume was up 14% year over year. california governor gerri brown is not wasting any time. the 74-year-old governor is undergoing radiation treatment. his oncologist says his prognosis is -- that is your west coast minute. dennis: general orders is unveiling a new line of pickup trucks. jeff flock has the story. jeff: that is the new chevy silverado. it is the number one seller. it has these new engines and it. they will shut down four of the cylinders if you do not need all the power. saves on gas. very good. this harkens back to the old days. it was a loud unveiling. they fl
dennis: we have heard from house speaker john boehner and harry reid. ed henry tried to get a comment from president obama himself. this is new video just in. spin it how are you doing, sir four that how are you feeling about a deal? optimistic? >> still in progress. dennis: lori rothman and adam shapiro will have more on those talks at the top of the hour. cheryl: washington state talking bucking the national foreclosure rate. the office it was for southern california. home sales volume...
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so why is harry reid worried who is the quarterback on the other team? why is he even using this metaphor? is. >> why has he been running? >> this is why it's a good development. >> yeah. >> by the way, another interesting development with the leadership yesterday was mitch mcconnell tried to make a move to separate out the debt negotiation, the debt ceiling, he thought he had a power play to have them separate out the vote and embarrass democrats. they pulled together 51 votes and then he had to back off. >> he had to filibuster -- >> filibuster his own bill. >> isn't it a fascinating change, mark mckinnon. back when we were younger like ten years ago. it used to be the senate that was the chamber where members were more respectful of each other. now watching harry reid run the senate and mitch mcconnell blast back at him, they are acting really -- and you see this all across the senate, more like we used to behave in the house. >> yeah, that emperor isn't wearing much clothes. >> do you see a point in time two politicians seem more like the parade is p
so why is harry reid worried who is the quarterback on the other team? why is he even using this metaphor? is. >> why has he been running? >> this is why it's a good development. >> yeah. >> by the way, another interesting development with the leadership yesterday was mitch mcconnell tried to make a move to separate out the debt negotiation, the debt ceiling, he thought he had a power play to have them separate out the vote and embarrass democrats. they pulled together...
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. >> harry reid is speaking right now. let's go down to capitol hill. >> -- calling on speaker boehner for tax cuts to the middle class. today senator cornyn, the second ranking democrat in the next congress -- i'm sorry, don't i wish -- the second ranking republican in the next congress -- joined the chorus in calling on speaker boehner to do the reasonable thing. here's what he said. i believe we're going to pass it sooner rather than later. we really don't have much leverage there because those rates -- >> i'll take it back from harry reid while we try and figure out this audio issue that we're clearly having from the majority leader and his comments down in the nation's capitol as the democratic leadership gets its turn, if you will, at the microphone for an update on the fiscal cliff. we've already heard from speaker boehner just a short time ago. i think we have that cleared up. let's go back to mr. reid. >> at some point reality should set in. the only question is how much financial stress middle-class families and
. >> harry reid is speaking right now. let's go down to capitol hill. >> -- calling on speaker boehner for tax cuts to the middle class. today senator cornyn, the second ranking democrat in the next congress -- i'm sorry, don't i wish -- the second ranking republican in the next congress -- joined the chorus in calling on speaker boehner to do the reasonable thing. here's what he said. i believe we're going to pass it sooner rather than later. we really don't have much leverage...
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Dec 9, 2012
12/12
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when harry reid says something negative, it goes down. chris: do they want a rate hike on the rich or do they like the deductions route more? >> they like the deductions route more for sure. they want a substantive deal. they would like to see the credit rating of the united states raised. chris: it's more important than the how, the fact that there is a deal. >> they absolutely want a deal but also like the cleaner tax code, these guys file tax that is look like war and peace, some have to put their taxes on dollies to file. they need a cleaner tax code. chris: how much of a price does the president have to get out of the rich in terms of increasing the rate and getting rid of deductions so he can take it back to pelosi and the liberal core of the democratic party and say i got enough? >> he needs rates to go up absolutely. he cares that much about pelosi. i think he rightly considers himself in the dominant position. chris: with the house of representatives? >> as a newly re-elected democratic president, he doesn't have to worry about p
when harry reid says something negative, it goes down. chris: do they want a rate hike on the rich or do they like the deductions route more? >> they like the deductions route more for sure. they want a substantive deal. they would like to see the credit rating of the united states raised. chris: it's more important than the how, the fact that there is a deal. >> they absolutely want a deal but also like the cleaner tax code, these guys file tax that is look like war and peace, some...
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neil: if harry reid did that put the same? he could not do it. you are a big on being the cent but not acting like a child? >> civility is the key. you're not successful unless you have maintained relationship and respect for adversaries. they seem intent to demonize and not communicate but speak at the through them. it does not fly. >> when the public rips each other apart little is done privately. >> a good point* if they demonize one another how do form the connection? >> they used to hang out and have a relationship beyond media or discussions but that seems to be not the crisis -- not the case and is more isolated. neil: see remove people from their own demons to not aggravate the other side? what republicans do to win nine democrats and vice versa? >> get over they don't deal with the facts. step number one is a own the reality. don't agree about the solution but at least that we have a problem and the scope is enormous and getting worse. by discounting that you have no where to build from. everyone tries take credit but there is little acc
neil: if harry reid did that put the same? he could not do it. you are a big on being the cent but not acting like a child? >> civility is the key. you're not successful unless you have maintained relationship and respect for adversaries. they seem intent to demonize and not communicate but speak at the through them. it does not fly. >> when the public rips each other apart little is done privately. >> a good point* if they demonize one another how do form the connection?...
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here's what harry reid said. he said, quote, senator mcconnell made a serious offer today to me with regards to the debt ceiling, a deal on the debt ceiling. i want a vote on it this afternoon. very strange but interesting, intriguing turn of the events. dennis: if you are harry reid and you run the senate and democrats controlled the senate you do not accept mcconnell republicans's proposal unless you get the outcome you want. they want the debt ceiling raised. mcconnell doesn't offer this unless he wants the death ceiling aised to remain a big uncertainty to work out a clip. cheryl: this news from one of our producers out of washington and this is just breaking right now so we will continue to follow this news out of the ec and get more details. cheryl: dennis: we will see the dow turned around on some optimism because having democrats and republicans working together at all on anything at this point seems like a rarity. elsewhere sports fans uniting in the court room, major-league baseball, hockey and others i
here's what harry reid said. he said, quote, senator mcconnell made a serious offer today to me with regards to the debt ceiling, a deal on the debt ceiling. i want a vote on it this afternoon. very strange but interesting, intriguing turn of the events. dennis: if you are harry reid and you run the senate and democrats controlled the senate you do not accept mcconnell republicans's proposal unless you get the outcome you want. they want the debt ceiling raised. mcconnell doesn't offer this...
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to let him pass his big old tax hike with a simple majority if that's what harry reid wants because then they will be the party of high taxes and they can own it. >> i want to ask you one quickie. your friend and mine, senator jim demint, resigning from the senate. going to take over as head of the heritage foundation. he is a great free market defender of capitalism. what do you make of jim demint leaveliing the senate? >> i think there's two ways to look t a it. the way i look at it, i've jokingly said he's going to a better place. but i really am serious about that in the sense that it's a promotion. he's going to a big microphone. we will be a national spokesman for free markets, for libertarian conservative principles, for the constitution, heritage has a great 30, 40-year history of being on the right side of these issues. i think jim demint will be a great spokesman for them. >> he said that conservatism has to spread more publicly and that's one reason he's going. he wasn't happy with the 2012 elections. do you think conservatism just didn't make the case in the elections la
to let him pass his big old tax hike with a simple majority if that's what harry reid wants because then they will be the party of high taxes and they can own it. >> i want to ask you one quickie. your friend and mine, senator jim demint, resigning from the senate. going to take over as head of the heritage foundation. he is a great free market defender of capitalism. what do you make of jim demint leaveliing the senate? >> i think there's two ways to look t a it. the way i look at...
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stocks, though, did come off their highs, after those harry reid comments. that sent everybody into a little bit of a tail spin. i believe we do have some comments on tape here from some of the lawmakers we heard today. >> you give the president every single job harming tax increase that he's requested, you run the government for maybe nine or ten days. >> i think there's a real danger that we're going to end up with some damaging tax increases and nothing to show for it. >> if we took the president's revenue, we took the republic republicans' spending cuts and we put them together, we'd have a package of more than $4 trillion. >> what i hope boehner does not do is give away the debt ceiling with any kind of deal unless it's the real deal. >> when the government spends money and a lot of these other so-called infrastructure investments, it ends up wasting the money, taking it from the private sector. >> i think we need to do the entitlement issue. >> i'm optimistic we're going to be able to avoid the fiscal cliff, we're not going to go over that. we're not g
stocks, though, did come off their highs, after those harry reid comments. that sent everybody into a little bit of a tail spin. i believe we do have some comments on tape here from some of the lawmakers we heard today. >> you give the president every single job harming tax increase that he's requested, you run the government for maybe nine or ten days. >> i think there's a real danger that we're going to end up with some damaging tax increases and nothing to show for it. >>...
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growing democratic oppositionet to take effect senators and senators elecsend a letter to harry reid urging a delay that the medical device industry has given little guidance. obama and speaker boehner meeting face-to-face over the fiscal cliff. they're not sayinn what they talked about as the "a team" joins us next. lou: the joining now e "a team" special assistant to the george bush ron christie, d pulitzer prize winning journalist never an assistant to george w. bush love and president mors says the rescind his powers to rested a civilian industry? >> good news tonight. he knowledg he had to make a concession that doesn't matter in the long run. it iall about t referendum for the islamist constitution. >> he has not backed away. lou: giving the obama administration, john negroponte e ging support do you agree things are betterhan six months ago? >> here i have to agree they acknowledge immorality. egypt is going in a bad direction. there is nothing we could have done. >> egypt has retained with the policies it is pursuing. the decision to go to day u are the political expert , to
growing democratic oppositionet to take effect senators and senators elecsend a letter to harry reid urging a delay that the medical device industry has given little guidance. obama and speaker boehner meeting face-to-face over the fiscal cliff. they're not sayinn what they talked about as the "a team" joins us next. lou: the joining now e "a team" special assistant to the george bush ron christie, d pulitzer prize winning journalist never an assistant to george w. bush love...
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we are hearing a lot of talk from harry reid about reforming the senate filibuster rules. it might be about time for that when senators can start filibustering their own bills. >> that's what majority leader mitch mcconnell did yesterday. get this. he tried playing a trick on the democrats and wrote a bill allowing the president to raise the debt ceiling. mcconnell assumed democrats would not want to vote on that and was hoping to use that against them saying no one wanted to give the president that power. that back fired when the democratic caucus was happy to vote on the measure forcing mcconnell to say no. here is the democrats' response. >> this may be a moment in senate history when a senator made a proposal and when given an opportunity for a vote on that proposal, fillibustered his own proposal the i think we have reached a new spot in the history of the senate we have never seen before. >> the senate democrats posted that to youtube yesterday. mcconnellts reason for not voting on the bill? he said it is so important it needed a filibuster-proof majority rather than
we are hearing a lot of talk from harry reid about reforming the senate filibuster rules. it might be about time for that when senators can start filibustering their own bills. >> that's what majority leader mitch mcconnell did yesterday. get this. he tried playing a trick on the democrats and wrote a bill allowing the president to raise the debt ceiling. mcconnell assumed democrats would not want to vote on that and was hoping to use that against them saying no one wanted to give the...
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so one could understand harry reid's frustration in trying to negotiate with republicans when he vented, and i quote, it's difficult to engage in rational negotiation when one side holds well-known facts and proven truths in such low esteem. senator reid is spot on or more on what it means for the disabilities community i'm met with the ceo how shocked are you that it could not be ratified by the united states senate. >> when it comes down to it, i was floored. there is no reason in this day and age when a treaty that is focused on a quality for people with disabilities abroad can't pass the u.s. senate. it was really ridiculous and ultimately a sad day for america that we couldn't get it through. this treaty would have allowed the united states to really export things that we just hold dear you know, some of our fundamental values about equality freedom and true human dignity. when americans are traveling abroad whether it's to study to work, or as part of a family contingent going to one of our bases overseas, they will not have the same protection as folks with disabilities here in t
so one could understand harry reid's frustration in trying to negotiate with republicans when he vented, and i quote, it's difficult to engage in rational negotiation when one side holds well-known facts and proven truths in such low esteem. senator reid is spot on or more on what it means for the disabilities community i'm met with the ceo how shocked are you that it could not be ratified by the united states senate. >> when it comes down to it, i was floored. there is no reason in this...
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and harry reid says it will be difficult to get legislation passed before then. g.o.p. made a counter offer to the president. so what is in it? the federal government sold shares of aig. they report $5 billion profit. there is a catch. we'll tell you what it is. ♪ ♪ >> greg: by the year 2030, america will no long ber the only super power. according to global trends 2030, the u.s. will be first among equals as brazil, india and china continue to rise. communist china works. i wonder if he would be willing to report state run economy. i doubt the white house cares. being number two means never being number one. if you believe exceptionalism is quaint you don't like being number one to begin with. we no longer refer to achieveer as successful. we call them rich to make them target for withdrawal. if you are good at what you do you become obama's atm. pin code for pork. the report says we'll be cyborg with neuroenhangment for superhuman abilities. will robots be forced to unio unionize? >> dana: where were you when you wrote that? were you in a bar in colorado or washin
and harry reid says it will be difficult to get legislation passed before then. g.o.p. made a counter offer to the president. so what is in it? the federal government sold shares of aig. they report $5 billion profit. there is a catch. we'll tell you what it is. ♪ ♪ >> greg: by the year 2030, america will no long ber the only super power. according to global trends 2030, the u.s. will be first among equals as brazil, india and china continue to rise. communist china works. i wonder if...
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harry reid, the democrats, of course, said we cannot ignore the american people on tax hikes. ron hine on why he says there is still no reason to panic on the cliff. our very own lou dobbs is not buying it. adam: our very own nicole petallides is on the new york stock exchange. where do we stand right now. right now the dow jones industrials are down nearly 60 points. the nasdaq composite is down three quarters of 1%. not a great day here. there are concerns about the fiscal cliff. we just have the deadline timeclock up again. we know that we have very accommodative fed's. let's take a look at some european markets. finance ministers have been discussing things including giving them more power. these are some of the things that they are looking at closely. we had seen europe really pushing some new recent highs. that is something that pushed us along in the last couple days. lori: a showdown in washington. sparring over a dead deal. it does not look like either party is ready to budge. where are we now, rich we are still in the middle of a work in progress. that could be a lit
harry reid, the democrats, of course, said we cannot ignore the american people on tax hikes. ron hine on why he says there is still no reason to panic on the cliff. our very own lou dobbs is not buying it. adam: our very own nicole petallides is on the new york stock exchange. where do we stand right now. right now the dow jones industrials are down nearly 60 points. the nasdaq composite is down three quarters of 1%. not a great day here. there are concerns about the fiscal cliff. we just have...
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. >> first of all, it's driven by harry reid. he refused to bring up a budget, to bring up a single appropriations bill. >> but you just mentioned speaker boehner. >> well, i was going to get to that. he's driven this process, and about the only thing the republicans could have done would be to protest it, and fight harder about it. and we have, but i don't think effectively enough. and we've now, at the end, fallen into this trap, i would suggest on of just having secret negotiations. i really wish we could have avoided it. but this was the strategy of the democratic leadership in the senate, and they carried it out for almost three years -- over two years now. >> all right, you said in your op-ed today, and i want to quote you directly. you said, in part, washington has become possessed by the idea that a small group of negotiators, meeting in secret, can solve the deep, painful, and systemic problems plaguing this country with a single grand bargain, produced at the 59th minute of the 11th hour. this is a siren song. i suppose
. >> first of all, it's driven by harry reid. he refused to bring up a budget, to bring up a single appropriations bill. >> but you just mentioned speaker boehner. >> well, i was going to get to that. he's driven this process, and about the only thing the republicans could have done would be to protest it, and fight harder about it. and we have, but i don't think effectively enough. and we've now, at the end, fallen into this trap, i would suggest on of just having secret...
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the president speaks to senate democratic leader harry reid, we have learned. meeting yesterday at the white house with a speaker banner an in a speech in detroia couple of hours go the president extended little olive branch to the republicans. >> i have said i would work with republicans on a plan for economic growth, job creation and reducing our deficits. and some compromise between democrats and republicans, i understand people have a lot of different views, i'm willing to compromise a little bit. >> i spoke to an aide to one top republican leader who was a little bit upset by the comment the president would be willing to compromise a little bit. the white house did not disclose any details of the meeting with the president and the speaker yesterday only confirmed that communications remain open. tim john boehner remaining discussions are in place. david: the president said some things about a year ago that sounded like a perfect compromise. let me get your reaction. this was about a year ago. >> what they said was give us 1.2 trillion in additional revenue
the president speaks to senate democratic leader harry reid, we have learned. meeting yesterday at the white house with a speaker banner an in a speech in detroia couple of hours go the president extended little olive branch to the republicans. >> i have said i would work with republicans on a plan for economic growth, job creation and reducing our deficits. and some compromise between democrats and republicans, i understand people have a lot of different views, i'm willing to compromise...
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. >> and harry reid named a number today. 38.5%. >> they talk about the clinton tax rates and say how good the economy was under the clinton years, but it's not entirely clear that raising taxes is going to create a great economy this time around. >> thank you so much. we go from party line to the front lines on the impact of the fiscal cliff's mess. fedex ceo fred smith was among the ceos who met with the president yesterday. he's been outspoken on the issue of corporate taxes as well as jobs, making headlines saying it's a myth that raising tax rates will kill jobs. let's talk with fred smith right now in a cnbc exclusive about that and more. frank, good to have you on the program. welcome back. >> thank you very much, maria. always good to be here. >> good to see you again. let's start with the fiscal cliff issue. when it comes to higher taxes, you seem to disagree with house speaker boehner when he says raising taxes on the highest earners will hurt jobs. can you elaborate on that? >> i think what the speaker is saying quite correctly is you don't want to increase taxes on the job
. >> and harry reid named a number today. 38.5%. >> they talk about the clinton tax rates and say how good the economy was under the clinton years, but it's not entirely clear that raising taxes is going to create a great economy this time around. >> thank you so much. we go from party line to the front lines on the impact of the fiscal cliff's mess. fedex ceo fred smith was among the ceos who met with the president yesterday. he's been outspoken on the issue of corporate...
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today we're told he had a phone call on air force one from harry reid. presumably to go over what it is their hashing out behind the scenes. a public and private scene going on here. >> they don't have to be face to face to keep the negotiations going. thank you. and as we get closer to the cliff's edge, a number of republicans in congress say they would be willing to accept tax increases on the wealthiest americans if they are accompanied by large enough spending cuts. >> one of those is tom cole who is a republican from oklahoma who joins us now live from capitol hill. fantastic to have you here on the show, congressman. >> good to be with you. >> what kind of spending cuts do you need to see, congressman, for you to be able to vote for those tax hikes on the top 2%? >> for the record i don't promote raising taxes on anybody. but if congress doesn't act they go up automatically. i'd like to take an area where we agree with the area, that we're not going to raise taxes on 98% of the american people. and just get that out of the way. let's not have those
today we're told he had a phone call on air force one from harry reid. presumably to go over what it is their hashing out behind the scenes. a public and private scene going on here. >> they don't have to be face to face to keep the negotiations going. thank you. and as we get closer to the cliff's edge, a number of republicans in congress say they would be willing to accept tax increases on the wealthiest americans if they are accompanied by large enough spending cuts. >> one of...
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reid the senate democratic leader was on the floor within the past hour or so and he kept the pressure up on republicans. take a listen. >> the plan for the republicans to face reality, there's enough writing on the wall. >> you get the sense here guys that democrats feel like they have the upper hand, there is some dealmaking behind the scenes. what that dealmaking is we don't yet know and when it could yield some resolution we don't know that. >> quickly, we got from geithner yesterday to steve liesman he's prepared to go over the cliff if need be. >> yes. >> do we know if the republican position is weakening at all, are they ready to make any concessions on their end? >> well we get a sense that some republicans that i've been talking to are ready to make a deal, i talked to a couple republicans in the house yesterday who said they are urging speaker boehner to cut a deal here to agree with the president to extend the bush tax cuts for all those under 250,000, at least do that much, so there is some weakening on the republican side. the question is whether there's enough to get a de
reid the senate democratic leader was on the floor within the past hour or so and he kept the pressure up on republicans. take a listen. >> the plan for the republicans to face reality, there's enough writing on the wall. >> you get the sense here guys that democrats feel like they have the upper hand, there is some dealmaking behind the scenes. what that dealmaking is we don't yet know and when it could yield some resolution we don't know that. >> quickly, we got from...
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we're told he had a phone call today with the senate majority leader harry reid but no more phone calls or visits from speaker boehner. it's still on hold whether they'll move forward on a deal. >> shepard: looks like speaker boehner is getting pressure from the moderates in the party and certainly from the right. >> reporter: no doubt about it. bob corker from tennessee was on "fox news sunday" yesterday. he gave fo voice to something you're hearing from an increasing number of republicans right now which is maybe they should give in on raising taxes on the rich in order to fight it out and try to get more leverage in terms of spending cuts. take a listen. >> once you give him the rate on the top 2%, it's actually a much lesser tax increase than what's he's been talking about. the focus then shifts to entitlements. >> reporter: now, the key, though, as we've all been talking about this end of the year deadline, december 31st, but in fact, when you talk to leaders in both parties, they realize the real deadline is probably the end of this week in terms of at least getting a framework of
we're told he had a phone call today with the senate majority leader harry reid but no more phone calls or visits from speaker boehner. it's still on hold whether they'll move forward on a deal. >> shepard: looks like speaker boehner is getting pressure from the moderates in the party and certainly from the right. >> reporter: no doubt about it. bob corker from tennessee was on "fox news sunday" yesterday. he gave fo voice to something you're hearing from an increasing...
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majority leader harry reid called him on it, called his bluff. then mcconnell filibustered his own bill. here's senator dick durbin. >> so this may be a moment in senate history when a senator made a proposal and when given an opportunity for a vote on that proposal filibustered his own proposal. i think we have now reached a new spot in the history of the senate we've never seen before. >> congressman, proof positive they have winging it. >> well, look, the senate and house republicans are just tieing themselves up in all sorts of knots. this is the latest evidence of this. this is known now as the mcconnell rule. and now he wants to distance himself and disassociate himself with it. you know, his name is attached to it. he thought of this idea. and what the president has said is, you know, it was a good idea then, senator mcconnell, let's continue to live with it, let's extend it. and as you know, all we're doing with the debt ceiling is saying that the united states will pay the obligations that the congress has already voted on. >> sure. >> s
majority leader harry reid called him on it, called his bluff. then mcconnell filibustered his own bill. here's senator dick durbin. >> so this may be a moment in senate history when a senator made a proposal and when given an opportunity for a vote on that proposal filibustered his own proposal. i think we have now reached a new spot in the history of the senate we've never seen before. >> congressman, proof positive they have winging it. >> well, look, the senate and house...
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. >> reporter: but when majority leader harry reid took him up on the offer today, mcconnell backed down. >> what we have here is a case i told everyone that we are willing to have that vote, up or down vote, and now the gop leader objects to his own idea. >> woodruff: meantime, republicans learned today the party was losing one of their most outspoken voices on fiscal issues. two-term south carolina senator jim demint announced that he will resign in january. to become the next president of the heritage foundation-- a conservative washington think tank. in a statement, demint said, a tea party favorite, demint had blasted the house republicans' proposal to raise revenue earlier in the week. south carolina's other senator lindsey graham lamented the loss of his colleague and friend. >> he really did strongly and passionately advocate for his position and did it very effectively, jim made the republican party quite frankly look inward and do some self evaluation, conservatism is an asset not a liability. >> woodruff: the other side of capitol hill was largely quiet today, with the house n
. >> reporter: but when majority leader harry reid took him up on the offer today, mcconnell backed down. >> what we have here is a case i told everyone that we are willing to have that vote, up or down vote, and now the gop leader objects to his own idea. >> woodruff: meantime, republicans learned today the party was losing one of their most outspoken voices on fiscal issues. two-term south carolina senator jim demint announced that he will resign in january. to become the...
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i think what happened, the senate majority leader harry reid came out with a couple of comments. he said any program, any deal that's out there must include a stimulus component -- really? a stimulus component? he said rates have to increase to 39.6% as part of any deal. the dow drifted lower on that because people were arguing you should have a 37% as a compromise on the tax rates. >> mr. geithner yesterday when speaking exclusively to steve leisman seemed to really avoid that 39% number. that encouraged a lot of people thinking that perhaps that is a flexible number. >> let's hope it is. but the senate majority leader says -- specifically said 39.6. i think that's specifically the reason we took a little bit of a dive a while ago. either side are positive or negative. but i want to note, tech stocks are doing a little bit better overall. the s&p tech index has been doing a little bit better recently, particularly hardware names. you look at some of the big names in the computer space here. take a look at lexmark, dell, seagate, western digital. storage names are up. you were me
i think what happened, the senate majority leader harry reid came out with a couple of comments. he said any program, any deal that's out there must include a stimulus component -- really? a stimulus component? he said rates have to increase to 39.6% as part of any deal. the dow drifted lower on that because people were arguing you should have a 37% as a compromise on the tax rates. >> mr. geithner yesterday when speaking exclusively to steve leisman seemed to really avoid that 39%...
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harry reid has said that comprehensive immigration reform will be a priority in 2013. ere support for expanding and creating new visa programs for graduates and that is a goal that isporby the higher education association. including the ciation of higher universities. i also want to take this opportunity to thank senator warrer in because he has supported this immigration also introducing the starp-up agent. it was introduced in 2013 to create a new stem visa that foreign students who graduate with a masters or hpped can receive a green card or -- p.h.d. and stay in this country. to pass legislation that expands opportunities for our stem graduates. if we don't, our national competitive horizon has just narrowed. >> senator? >> thank you, alan let me thank my friends, participants on this panel, the miller center for asking me. let me add my two cents as well on mark kaplan who has been a good friend for a long time. he shows clean living, 96 years olan several years o marriage. i think it is particularly aproper of the miller center to ask me to be here, talk about th
harry reid has said that comprehensive immigration reform will be a priority in 2013. ere support for expanding and creating new visa programs for graduates and that is a goal that isporby the higher education association. including the ciation of higher universities. i also want to take this opportunity to thank senator warrer in because he has supported this immigration also introducing the starp-up agent. it was introduced in 2013 to create a new stem visa that foreign students who graduate...